Amends the definition of "adequate reserve fund" by increasing the multiplier used to calculate its amount from the existing factor of 1, to unspecified amounts for calendar year 2026 and for calendar year 2027 and thereafter. Requires the Department of Labor and Industrial Relations to conduct an actuarial study and report to the Legislature. Effective 7/1/2050.
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Where it stands
Introduced
Passed House
Passed Senate
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Apr 23Conference Committee Meeting will reconvene on Thursday 04-24-25 10:00AM in conference room 016.Latest
Apr 21Conference Committee Meeting will reconvene on Wednesday 04-23-25 10:00AM in conference room 016.
Apr 17Bill scheduled for Conference Committee Meeting on Monday, 04-21-25 10:00AM in conference room 016.
Apr 16Received notice of Senate conferees (Sen. Com. No. 810).Minor
Apr 15Received notice of appointment of House conferees (Hse. Com. No. 732).Minor
Apr 14House Conferees Appointed: Sayama, Lee, M. Co-Chairs; Reyes Oda.
Apr 11Received notice of disagreement (Hse. Com. No. 704).Minor
Apr 10House disagrees with Senate amendment (s).Minor
Apr 8Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.Passed Senate
Vote recorded Report adopted; Passed Third Reading, as amended (SD 2). Result: pass.Upper
Apr 8Returned from Senate (Sen. Com. No. 601) in amended form (SD 2).
Apr 4Reported from WAM (Stand. Com. Rep. No. 1802) with recommendation of passage on Third Reading, as amended (SD 2).
Apr 448 Hrs. Notice 04-08-25.
Apr 2The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
Vote recorded The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Mar 27The committee(s) on WAM will hold a public decision making on 04-02-25 10:01AM; Conference Room 211 & Videoconference.
Mar 19Reported from LBT (Stand. Com. Rep. No. 1169) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
Mar 19Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
Mar 12The committee(s) on LBT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in LBT were as follows: 4 Aye(s): Senator(s) Aquino, Lee, C., Ihara, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Moriwaki.Minor
Vote recorded The committee(s) on LBT recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Mar 7The committee(s) on LBT has scheduled a public hearing on 03-12-25 3:00PM; Conference Room 224 & Videoconference.
Mar 4Referred to LBT, WAM.Minor
Feb 28Received from House (Hse. Com. No. 10).Minor
Feb 28Passed First Reading.Minor
Feb 27Reported from FIN (Stand. Com. Rep. No. 830), recommending passage on Third Reading.
Feb 27Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick, Templo, Ward excused (4). Transmitted to Senate.Passed House
Feb 21The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 12 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Miyake, Templo, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 4 Excused: Representative(s) Lee, M., Morikawa, Alcos, Ward.Minor
Vote recorded The committee on FIN recommend that the measure be PASSED, UNAMENDED. Result: pass.Lower
Feb 19Bill scheduled to be heard by FIN on Friday, 02-21-25 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.
Feb 12Reported from LAB (Stand. Com. Rep. No. 476) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
Feb 12Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Sayama, Ward excused (3).Minor
Feb 6The committee on LAB recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Sayama, Lee, M., Garrett, Kapela, Kong, Reyes Oda; Ayes with reservations: none; Noes: none; and Excused: none.Minor
Vote recorded The committee on LAB recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
Feb 3Bill scheduled to be heard by LAB on Thursday, 02-06-25 9:00AM in House conference room 309 VIA VIDEOCONFERENCE.